Cryptographic card monthly transaction volume increased by 230% year-on-year, with a cumulative transaction volume of $7.8 billion this month.

PANews reported on May 28th, citing Cointelegraph, that monthly payment volume for crypto-linked debit and credit cards has increased by approximately 230% year-over-year, reaching a cumulative transaction volume of $7.8 billion this month, reflecting the rapid adoption of crypto payment products. Visa, through partnerships with on-chain native companies like Jupiter Global, holds approximately 90% of the crypto card transaction share. OKX launched a stablecoin payment card based on the Mastercard network in Europe this January, with supermarket shopping being the largest category, accounting for approximately 26%, followed by restaurant spending at 18%, and online shopping at 13%. OKX stated that true payment adoption will only be realized when cryptocurrency is used to pay for lunch. In March, Visa and Stripe's Bridge announced plans to launch stablecoin-linked payment cards in over 100 countries, initially supporting 18 countries, including Argentina, Colombia, and Mexico.

Share to:

Author: PA一线

This content is for market information only and is not investment advice.

Follow PANews official accounts, navigate bull and bear markets together
PANews APP
SEC Chairman Atkins reiterated the "Crypto Capital of America" ​​strategy, which will drive reforms in on-chain capital markets.
PANews Newsflash